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Investments in Unconsolidated Subsidiaries
9 Months Ended
Sep. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Investments in Unconsolidated Subsidiaries

7.

Investments in Unconsolidated Subsidiaries

Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 50.0%.

 

Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

 

2019

 

 

 

2018

 

 

 

2019

 

 

 

2018

 

Revenue

 

$

375,717

 

 

$

392,945

 

 

$

1,083,664

 

 

$

1,181,174

 

Operating income

 

 

191,667

 

 

 

522,989

 

 

 

383,490

 

 

 

895,378

 

Net income

 

 

189,960

 

 

 

455,887

 

 

 

289,437

 

 

 

711,711